Laffor’s Sundowns Win CAF Champions League

first_imgSouth Africa based Anthony Laffor has become the first Liberian player to win the Confederation of African Football (CAF) Champions League.After playing a key role for his side, Mamelodi Sundowns, the 31 year old becomes the first Liberian to appear in the final and win a trophy.Laffor, who was taken as a ‘joker’ by his coach, got the opener in the semi-final 2nd leg after Sundowns defeated Zambian side ZESCO 3-2 on aggregate.Laffor also got the opener and provided an assist in the first leg of the CAF Champions League when Sundowns defeated Zamalek 3-0, which gave them an advantage to move on to the 2nd leg of the final.“Once a dream, it’s now a reality! Thanks to God the Almighty for this great achievement. Thanks to my teammates and officials for the hard work and determination. Thanks to you my fans, supporters and well-wishers for the prayers and faith in me,” Anthony Laffor posted on his Facebook page.Mamelodi Sundowns on Sunday won the league, which is its first continental title, after defeating Zamalek of Egypt 3-1 on aggregate.The Pretoria-based side will also now represent Africa at December’s Fifa Club World Cup in Japan and has in addition won $1.5m for claiming the trophy.In another development, CAF double nominee William Jebor scored a goal for his club Wydad Athletic Club in their 5-0 win during the weekend.William Jebor now has 4 goals out of four appearances for his side. Wydad has won all of its first four league matches since the start of the season.Liberians are waiting to see if Jebor will win in any of the category during the CAF award gala slated for January 7, 2017.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

GN Bank Takes over FIBank, CBL to Audit Ex-Board Members of FIBANK

first_imgThe Executive Governor of the Central Bank of Liberia (CBL), Milton Weeks, has announced that the Bank will conduct a forensic audit on former Board Members of the troubled First International Bank Liberia Limited (FIBank), now Groupe Nduom Bank (GN Bank).Governor Weeks made the statement yesterday at his Ashumn Street office in Monrovia, when he officially announced the takeover of FIBank by GN Bank, a new bank licensed by the CBL, and owned by the Ghana Growth Fund Company (GGFC). “The Board of Governors of the Central Bank of Liberia, pursuant to the authority vested in the Bank under section 40 (13) of the New Financial Institutions Act of 1999, has approved the purchase of significant portion of the assets and assumption of all the deposits of FIBank, except one large foreign depositor and one large creditor of FIBank by GN Bank Limited,” he said.He said the audit of the Board Members is intended to check whether they were involved in the mismanagement of the bank (FIBank), and to set all the records straight for GN Bank. The CBL boss did not disclose exactly when the expected forensic audit would be done, but warned that CBL would go after those who will be found guilty in the mismanagement of the institution. “If the forensic audit proves, for example, that some members of the former employees or Board of Governors of the former bank are involved, they will face the full weight of the law,” Governor Weeks vowed.“We are warning all commercial banks in the country to follow the CBL requirements. We’ll be very tough in ensuring that these regulations are adhered to under the banking laws,” he added.Governor Weeks also disclosed that GN Bank Limited has brought in a total of US$18.5 million, which the CBL says is adequate to meet the minimum capital requirement to operate a bank in the country.The CBL, as the reorganization authority, acting through PwC (Price Waterhouse and Coopers) as its reorganization firm, will retain the remaining assets and liabilities for later disposition. Information concerning the loans and other assets of the former bank will be communicated to the concerned individuals and entities as soon as practicable, said the CBL boss.According to Weeks, the CBL also agreed with the new shareholders to allow significant Liberian participation in the new ownership of the bank.He, however, assured depositors, creditors and the public that the CBL has taken the necessary actions to ensure the continuous operation of the bank. At the time of FIBank’s closure, Governor Weeks said the ex-bank had a total deposit of approximately US$23 million in about 42,000 accounts. As per the dictates of the new banking arrangement, Governor Weeks said all the employees have now been absorbed by GN Bank Liberia Limited.It may be recalled that in 2013 at least 15 persons at the bank were suspended and investigated in connection with a US$1.2 million fraud, but trusted sources hinted that some of the bank’s executives were linked to the rip-off.In 2011 FIBank, whose books were audited by Voscon Inc. in Liberia, reported an Assets Base of US$6.5 million as at December 31, 2010, and Total Equity Capital of over US$7.6 million, and a Deposit Base of US$10 million.GN is a Ghanaian-American holding company with several subsidiaries. It operates in banking, investment and private equity, insurance, pension, media, real estate and quarry concrete products. The holding company is also involved in education, sports, hospitality, technology among others. It is the largest retail bank in Ghana, with 207 branches throughout the country.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

NPHL playoff schedule released

first_imgFORT ST. JOHN, B.C. – The North Peace Hockey League’s playoff schedule was released this week.The Fort St. John Flyers will meet the Grande Prairie Athletics on February 1st as part of the twelve game playoff-style round robin for the Western Division teams consisting of the Flyers, Dawson Creek Senior Canucks and Athletics. Each team plays eight games. First place will get a bye with the third and second seed teams meeting in a one-game showdown on February 27th. The winner of that contest with play the first place team with the victor advancing to the best of seven series final versus the Eastern Division champion.In the meantime, The Flyers have one game remaining regular season in Dawson Creek on Sunday. If they win and Grande Prairie losses they will claim first place and home-ice advantage in the event of a tie-breaker in playoff standings.- Advertisement -Sunday’s clash with the Senior Canucks gets underway at 1:00 p.m.last_img read more

Jet Boat racing season starts this weekend

first_imgLeg 1: Driver meeting 8:00 a.m. – Race start 9:00 a.m. at the Canfor Bridge.Leg 2: Driver meeting 11:00 a.m. – Race start 12:00 p.m. at Magoo’s Landing.Sunday:Leg 3: Driver meeting 8:00 a.m. – Race start 9:00 a.m. at Wapiti Gardens.Leg 4: Driver meeting 11:00 a.m. – Race start 12:00 p.m. at Magoo’s LandingOnce the event concludes there will be an awards presentation at 5:00 p.m. at Elks Hall for all residents to attend.Flyer for Grand Prairie Jet Boat Races. Photo by Peace Country River Rats Facebook page. GRAND PRAIRIE, AB – The Peace Region’s jet boat racing season starts this weekend with races at O’Brien Park in Grand Prairie.The event is part of the Canadian Jet Boat Series and will include two races on Saturday and Sunday. There will be five classes of races, including the Overall, Unlimited, A Class, CX Class, and FX Class.Trapper Wolsey, Clayton Wolsey, and Stacy Kelm will be the three lone racers from the North Peace competing at the event.- Advertisement -“It’s the first race of the year, you get the boats dug out from the winter and test them.” said Trapper Wolsey,  “This race is always a good start to the season, you always go out and try and win it.”The schedule for the event is seen below:Saturday: Advertisementlast_img read more

All together now

first_imgTHERE was something powerful about the image of dozens of Los Angeles’ political and business leaders gathered together in front of the Capitol Building in Washington, D.C., earlier this week. For once, they were unified in their purpose. Here were LAUSD board President Marlene Canter and Mayor Antonio Villaraigosa, who until just recently were sniping over school reform, on the same team. There were Chamber of Commerce officials and business leaders, who so often find themselves at odds with the not-so-business-friendly Los Angeles City Council, standing side by side with those same council members. Instead of their usual differences, this group of 200 all had the same goal – to hit up the Capitol’s movers and shakers for more money for transportation, housing, security and immigration for Southern California. While the trip accomplished nothing of immediate consequence (these trips rarely do) other than feel-good face time with federal decision-makers, it did serve to underline one important point: When they want to, these political rivals can play nice and work together for a common cause. It’s great to see the leadership pulling together for something real. But it’s too bad that when they return from those trips of temporary unity, the all-togetherness is all but forgotten until the next time they go on a begging trip to Sacramento or D.C. Imagine what might be accomplished, however, if that singularity of purpose were applied to some of the city’s and region’s most pressing problems. Imagine Villaraigosa and Canter coming together to reform the schools rather than fighting each other while test scores continue to go down. Imagine the Los Angeles City Council and the business leaders crafting policy that attracts businesses that have well-paying, middle-class jobs rather than low-paid service jobs. Imagine all of them pulling together for traffic relief. Imagining them working together to benefit the city and region is what we’re going to have to do. At least until the next junket.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more